Raytheon Company (RTN) Position Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in shares of Raytheon Company (NYSE:RTN) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,345 shares of the aerospace company’s stock after buying an additional 166 shares during the period. Nisa Investment Advisors LLC’s holdings in Raytheon were worth $18,184,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Woodstock Corp boosted its position in shares of Raytheon by 1.3% in the first quarter. Woodstock Corp now owns 24,243 shares of the aerospace company’s stock valued at $3,697,000 after buying an additional 306 shares during the last quarter. Renaissance Investment Group LLC boosted its position in shares of Raytheon by 4.0% in the first quarter. Renaissance Investment Group LLC now owns 26,975 shares of the aerospace company’s stock valued at $4,114,000 after buying an additional 1,040 shares during the last quarter. Centre Asset Management LLC acquired a new position in shares of Raytheon during the first quarter valued at $4,816,000. Private Asset Management Inc. acquired a new position in shares of Raytheon during the first quarter valued at $4,308,000. Finally, Bath Savings Trust Co boosted its position in Raytheon by 0.9% in the first quarter. Bath Savings Trust Co now owns 2,365 shares of the aerospace company’s stock valued at $361,000 after buying an additional 20 shares in the last quarter. Institutional investors own 74.98% of the company’s stock.

Raytheon Company (NYSE:RTN) opened at 179.30 on Thursday. The company has a market capitalization of $52.04 billion, a P/E ratio of 24.77 and a beta of 0.59. Raytheon Company has a 52 week low of $132.89 and a 52 week high of $179.59. The stock’s 50 day moving average is $167.67 and its 200 day moving average is $158.13.

Raytheon (NYSE:RTN) last released its earnings results on Thursday, July 27th. The aerospace company reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.15. Raytheon had a return on equity of 20.74% and a net margin of 8.68%. The company had revenue of $6.28 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter last year, the company earned $2.38 earnings per share. Raytheon’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts expect that Raytheon Company will post $7.59 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 3rd. Stockholders of record on Wednesday, July 5th were paid a dividend of $0.7975 per share. This represents a $3.19 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Friday, June 30th. Raytheon’s dividend payout ratio (DPR) is presently 43.94%.

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RTN has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Raytheon from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Vetr lowered shares of Raytheon from a “buy” rating to a “hold” rating and set a $166.27 price objective for the company. in a research note on Tuesday, May 9th. Deutsche Bank AG boosted their price target on shares of Raytheon from $156.00 to $160.00 and gave the company a “hold” rating in a research report on Friday, April 28th. Royal Bank Of Canada restated a “buy” rating and set a $181.00 price target on shares of Raytheon in a research report on Friday, June 2nd. Finally, Stifel Nicolaus boosted their price target on shares of Raytheon from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $177.32.

In other Raytheon news, Director Robert E. Beauchamp purchased 1,162 shares of the stock in a transaction on Monday, July 31st. The stock was bought at an average price of $171.99 per share, for a total transaction of $199,852.38. Following the acquisition, the director now directly owns 4,303 shares of the company’s stock, valued at $740,072.97. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Thomas A. Kennedy sold 10,703 shares of Raytheon stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $162.05, for a total value of $1,734,421.15. Following the completion of the sale, the chairman now owns 61,671 shares of the company’s stock, valued at approximately $9,993,785.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,911 shares of company stock valued at $2,580,752. 0.19% of the stock is currently owned by company insiders.

About Raytheon

Raytheon Company is a technology company, which specializes in defense and other government markets. The Company develops integrated products, services and solutions in various markets, including sensing; effects; command, control, communications, computers, cyber and intelligence; mission support, and cybersecurity.